> For the complete documentation index, see [llms.txt](https://project-vanguard.gitbook.io/whitepaper/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://project-vanguard.gitbook.io/whitepaper/tokenomics.md).

# Tokenomics

The $WARD token plays a central role in the Project Vanguard ecosystem. As both a governance token and a tradable asset, it offers holders the opportunity to actively participate in the decentralised governance of our project, while providing them with liquidity and value.

Here we delve into the tokenomics of the $WARD token, explaining its maximum total supply, the importance of $WARD holders in decentralised governance, and its integral role in supporting the Project Vanguard game. We'll also explore the various mechanisms used to distribute the token.